‘Modern’ Privacy Rules to Cover 75% of Global Population by 2024: Gartner

Three-quarters of the world’s population by the end of 2024 will have its personal data covered under “modern privacy regulations,” predicted Gartner Tuesday. Since most organizations lack a “dedicated privacy practice,” the responsibility for “operationalizing” these requirements will be passed onto chief information security officers, said Gartner: “With the expansion of privacy regulation efforts across dozens of jurisdictions in the next two years, many organizations will see the need to start their privacy program efforts now.” Gartner predicts that large organizations’ average annual budgets for privacy will exceed $2.5 million by 2024, it said